ITT vs VXZ: Correlation
How closely do ITT Inc. (ITT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.56, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and VXZ?
On 3 years of weekly data the ITT/VXZ correlation comes out at -0.56, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.40 versus -0.56 over 3 years. The 5-year figure is -0.61, and annualized covariance runs at -392.1 %².
Out of 38 assets tracked against ITT, VXZ lands near the bottom at #37. The last year tells two different stories: ITT led by 36.9 percentage points, +20.8% for ITT against -16.1% for VXZ.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ITT vs VXZ: side by side
| ITT (ITT Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.8% | -16.1% |
| 5-year return | +124.4% | -53.1% |
| Volatility (ann.) | 27.4% | 25.6% |
| Beta vs S&P 500 | 1.33 | -1.31 |
| Max drawdown (3Y) | -29.1% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 0.70% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | VXZ |
|---|---|---|
| 2022 | -19.5% | +0.5% |
| 2023 | +48.9% | -44.0% |
| 2024 | +20.9% | -12.7% |
| 2025 | +22.5% | +5.7% |
| 2026 | +20.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.56, ITT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITT and VXZ?
As of 2026-08-27, the correlation of weekly returns between ITT and VXZ is -0.56 over 3 years, -0.40 over 1 year and -0.61 over 5 years.
Is VXZ a good diversifier for ITT?
Yes. With a correlation of -0.56, ITT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.56 mean?
On the −1 to +1 scale, -0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITT correlations · VXZ correlations
